Oklahoma § 59-3150.12 - Keeping and maintaining records – Unfair or deceptive
Full text of Oklahoma Oklahoma Statutes § 59-3150.12 — Keeping and maintaining records – Unfair or deceptive, with citation guidance and answers to common questions.
§ 59-3150.12. Keeping and maintaining records – Unfair or deceptive
acts – Device or agreement to obtain greater charges – Compliance
with other laws – Jurisdiction and venue.
A. Each licensee shall keep and use in its business any books,
accounts and records the Administrator of the Department of Consumer
Credit may require for purposes of this act and the rules
promulgated pursuant thereto. Every licensee shall preserve the
books, accounts and records for at least four (4) years. Any
licensee, after receiving the prior written approval of the
Administrator, may maintain records at a location within or outside
this state.
B. A licensee shall not engage in unfair or deceptive acts,
practices or advertising in the conduct of the licensed business.
C. A licensee shall not use any device or agreement, including
agreements with affiliated licensees, with the intent to obtain
greater charges than otherwise would be authorized by this act.
D. A licensee shall comply with any state or federal law, rule
or regulation applicable to any business authorized or conducted
under this act, including but not limited to Oklahoma Regulation Z,
the federal Equal Credit Opportunity Act, 15 U.S.C., Sections 16911691f, and the federal Fair Debt Collection Practices Act, 15
U.S.C., Section 1692 et seq.
E. 1. No small loan subject to this act shall:
a.
provide that the law of a jurisdiction other than
Oklahoma law applies,
b.
provide that the customer consents to the jurisdiction
of another state or foreign country, or
c.
establish venue.
2. Any provision described in this section that is contained in
a written small loan agreement made after the effective date of this
act shall be void and not enforceable as a matter of public policy.
Added by Laws 2019, c. 89, § 14, eff. Nov. 1, 2019.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 59-3150.12
What does Oklahoma Statutes § 59-3150.12 cover?
Section 59-3150.12 ("Keeping and maintaining records – Unfair or deceptive") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 59-3150.12?
A common citation format is "Oklahoma Statutes § 59-3150.12" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 59-3150.12 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.